GBP/USD reaches below 1.2100

Note: This section contains information in English only.
Source: Dukascopy Bank SA


On Thursday morning, the GBP/USD currency exchange rate confirmed the 1.2160/1.2170 zone as resistance and started a decline. By 12:00 GMT, the currency pair had reached below the 1.2100 level and was expected to look for support in the weekly S2 simple pivot point at 1.2085.

A move below the weekly S2 simple pivot point at 1.2085 could encounter support in the 1.2050 level, before reaching the weekly S3 simple pivot point at 1.2010.

Meanwhile, a recovery of the Pound against the US Dollar is expected to face resistance in the 1.2160/1.2170 zone, the 50-hour simple moving average and the weekly S1 simple pivot point at 1.2174.
Back to articles

Actual Topics

Thu, 30 Jun 2022 12:08:14 GMT

USD/JPY bounces off 137.00 level

The USD/JPY currency pair reached the 137.00 level, which acted as resistance. The event was followed by a decline, which by the middle of Thursday's trading had reached the 136.00 level's support. Meanwhile, a channel up pattern was spotted. The pattern has guided the pair upwards since May 24. If the USD/JPY breaks the pattern and declines, the 136.00 level

Thu, 30 Jun 2022 11:44:12 GMT

EUR/USD declines below 1.0400

At mid-day on Thursday, the EUR/USD passed below the 1.0400 mark. By 12:00 GMT, the pair was heading lower, as it had no support as low as the weekly S3 simple pivot point at 1.0342 and the 2017 low level at 1.0340. If the pair finds support in the 1.3040 level and starts a recovery, the 1.0400 mark and the

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.